Posted by Admin | October 15th, 2014

Financial services firms, such as the Blackstone Group, assist public- and private-sector companies and government agencies in managing their financial assets. Blackstone Group senior managing director, Bill Mulrow, has more than 30 years of experience in finance and investment banking. Although he is recognized nationally as one of the leading experts in his field, Mulrow has devoted a considerable amount of his time and energies to serving the public good in a number of key federal and state government positions.

During his career, the government positions Mulrow has held include service as a member of the board of directors of the Federal Home Loan Bank of New York and of the United Nations Development Corporation. He guided the Westchester County Industrial Development Agency as its chairman, and he served as the vice chairman of the Westchester County Deferred Compensation Board. When New York City needed someone with his expert knowledge of public finance, Bill Mulrow answered the call by serving as chairman of its Rent Guidelines Board and as a member of the board of directors of the Municipal Assistance Corporation of the City of New York.

When Governor Andrew Cuomo of New York wanted to address the challenges of the state’s need for low- to moderate-income housing and affordable home financing, he turned to Bill Mulrow. As chairman of the New York Housing Finance Agency and the State of New York Mortgage Agency Mulrow has applied his finance and investment banking know-how to crafting innovative programs to address the state’s needs.

SONYMA has instituted programs for New York residents who are first-time homebuyers. These programs provide low interest financing to purchase new or existing homes within the state. Special incentives are offered for people purchasing homes in targeted low income areas of the state, for purchasers of homes in need of renovations or for retired or active-duty military personnel.

The New York Housing Finance Agency addresses the state’s housing needs by assisting developers with affordable financing for projects that will create multifamily housing in low-income areas. Mulrow’s expertise in finance can be seen in some of the agency’s programs designed to encourage private developers and not-for-profit corporations to build or rehabilitate low- to moderate-income rental housing throughout New York.

HFA programs include low-cost financing for purchase and renovation of rental properties. Other programs offered by the agency include tax credits and tax incentives for developers with projects that target housing needs in predominantly low-income areas. The HFA program incentives vary depending upon the region within the state in which the housing is to be located and the housing needs within each region.

Posted by Admin | May 14th, 2014

If you think you have to be sitting on a huge pile of cash to get into investing, think again. There are all kinds of viable options out there for investors who have less to work with, and many people do well for themselves despite starting out with very little. Mutual funds are a prime example, and they offer many exciting benefits.

There are many mutual funds out there, so it’s important to do plenty of research before selecting one. However, you can generally expect to enjoy these and other benefits with your investment:

  • Professional Management: One of the biggest hurdles that novice investors face is researching various securities to find the most promising options. This problem persists even for more experienced investors. With a mutual fund, the fund manager does all of the legwork for those who participate. The fund manager researches and identifies securities that coincide with the fund’s goals and rules, and the investors are freed up to focus on other pursuits.
  • Instant Diversification: Even the most inexperienced investors understand the importance of diversification and asset allocation, which helps to spread out risk so that the performance of a portfolio doesn’t hinge on the performance of a single security. Diversification can be costly to achieve, but you can get there with a surprisingly small amount of cash by participating in a mutual fund.
  • Divisibility: Like many investors, you may not have the means to invest in lots of securities. With a mutual fund, you don’t have to. Mutual funds allow investors to buy securities in smaller, more manageable denominations. In a way, they level the playing field.
  • Liquidity: Nothing is more stressful to an investor than having huge amounts of cash tied up in securities without being able to move it around for long periods of time. With mutual funds, it tends to be easier to get in and out of various investments. There is one caveat, though: The fees associated with selling can be considerable and can erode profits, so be sure to read the fine print before investing in a mutual fund.
  • Lower Fees: Going it alone as in investor can be really expensive. Transaction fees and associated costs can cut into any profits that the investor may enjoy. Because several investors participate in mutual funds, however, those costs and fees are spread out as well. In this way, investors may be able to keep more of their profits.

Mutual funds are enduringly popular because they offer these compelling benefits, but they’re not the only game in town. Don’t rush into investing in a mutual fund. It could very well be that other investment products are more suitable for your needs and objectives. If you decide that mutual funds are the way to go, take the time to investigate the funds and your options. A financial consultant can help you identify mutual funds that coincide with your goals and needs.

Posted by Admin | May 7th, 2014

To understand what a private investment fund is and how it works, you need to know the basics of investment funds in general. There are a few major differences between regular investment funds and private investment funds, but they are more similar than dissimilar.

How an Investment Fund Works

An investment fund pools the resources of several investors to allow them to make their investment dollars go further. For instance, an individual investor may not have the capital that’s needed to invest in certain securities on his own. By participating in an investment fund, however, he can do so and enjoy many of the same benefits.

With an investment fund, cash from numerous investors is pooled together and then invested in securities that meet the objectives and rules of the fund, which are established ahead of time. A fund manager is put in charge of it all, and his job is to locate securities that meet the objectives of the entire fund. In this way, a lot of the legwork is already done for the participating investors, so they can reap the benefits—and profits—without having to devote a lot of time to research and other efforts.

There are many benefits to participating in an investment fund. Risk is spread out among the participating investors, and the associated fees are as well. Regular investment funds are governed by the Investment Company Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1934, so investors enjoy a great deal of protection. Investment funds help to deliver a consistent rate of return, making them very popular.

Discovering Private Investment Funds

Private investment funds differ from regular investment funds in a few ways. For one thing, they are usually limited to 100 or fewer investors, which is below those typically involved in a regular investment fund. These investors tend to have considerable wealth, which is largely why fewer are needed to fund these endeavors. Still, these investors enjoy many of the same benefits as those who participate in regular investment funds. Most notably, they assume a lot less risk and are able to enjoy the perks of investing in some high-dollar securities, which can include considerable profits and rates of return.

Another important way that private investment funds differ from standard investment funds is that they are often exempt from the kinds of federal securities laws and regulations that are typically imposed. That’s because the wealthy investors who participate in them are considered to be savvy enough to not require the same kinds of protection. This is beneficial to the investors because they have a lot more leeway in many regards. They enjoy more flexibility, so they’re often able to achieve more significant profits.

The vast majority of investors don’t have the kind of capital that’s needed to participate in private investment funds. Those who are able to do so, however, tend to be very happy with the results. As with standard funds, investors usually purchase fund units, and the number of units that’s owned determines each investor’s share of the profits. The more units an investor buys, the more he stands to make.

Posted by Admin | August 22nd, 2013

As a result of his extensive public and private sector experience, Bill Mulrow is ideally positioned to provide guidance in both the private and public sectors.

Posted by Admin | August 15th, 2013

In his role with the Investor Relations and Business Development group at Blackstone, Bill Mulrow identifies funding sources for private investment funds.

Posted by Admin | August 8th, 2013

As a senior managing director at the Blackstone Group, Bill Mulrow puts his financial expertise to work in an expanding global marketplace.

Posted by Admin | August 1st, 2013

Bill Mulrow is an acknowledged leader in the Wall Street world and has achieved an outstanding reputation in finance and asset management. In his current position with the Blackstone Group, Mulrow serves as a Senior Managing Director for the Investor Relations and Business Development Group. Bill Mulrow‘s duties include raising capital to support the Blackstone Group’s private investment funds.

Thanks to his proven knowledge of the U.S. financial marketplace, Bill Mulrow has been tapped to serve as Chairman for several New York housing and financial agencies. His career-long focus on public service has made him a welcome asset in these government posts and allows him to provide expert guidance and leadership even in treacherous economic times. Mulrow’s depth of experience in the public sector allows him to balance the responsibilities of his position at Blackstone with his governmental duties, ensuring that he maintains the same high caliber of performance that has characterized his entire professional career.

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